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Paymaster Company provided the following information for the year just ended. What is the return on investment?
Fixed Costs
Outlays for rent, salaries, and insurance that are unaffected by variations in the volume of production or sales.
Sales Dollars
A term referring to the total revenue generated from the sale of goods or services, expressed in monetary value.
High-Low Method
A method employed in cost accounting that calculates estimated variable and fixed costs using the highest and lowest activity levels.
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold by a business.
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